What is Evernote?
Founded in 2004 and headquartered in Redwood City, California, Evernote operates as a software company dedicated to providing a robust platform for note-taking and task management. The company has evolved over the years, adapting its services to meet the needs of individuals and professionals seeking to enhance productivity and organization. Its core offering revolves around a digital workspace designed to capture ideas, manage projects, and streamline workflows, making it a key player in the productivity software sector.
How much funding has Evernote raised?
Evernote has raised a total of $272.5M across 10 funding rounds:
Angel/Seed
$3M
Series A
$6.5M
Series B
$10M
Series C
$20M
Private Equity
$50M
Series D
$70M
Series E
$85M
Unspecified
$20M
Debt
$2M
Angel/Seed (2007): $3M, investors not publicly disclosed
Series A (2009): $6.5M supported by DoCoMo Capital and Troika Ventures
Series B (2009): $10M featuring Steamboat Ventures, Troika Dialog, DoCoMo Capital, and Morgenthaler Private Equity
Series C (2010): $20M backed by Steamboat Ventures, Morgenthaler Private Equity, Troika Dialog, and DOCOMO Capital
Private Equity (2011): $50M with participation from Morgenthaler Private Equity and Steamboat Ventures
Series D (2012): $70M led by Allen & Company, Meritech, CBC Capital, Harbor Pacific Capital, and T. Rowe Price
Series E (2012): $85M supported by AGC Equity Partners, m8 Capital, and T. Rowe Price
Unspecified (2014): $20M featuring Nikkei
Debt (2020): $2M backed by PPP
Key Investors in Evernote
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors.
Morgenthaler Private Equity
Morgenthaler is a premier venture capital and private equity firm with over 40 years of experience in creating valuable companies. They specialize in investments in the Information Technology and Life Sciences sectors.
T. Rowe Price
Founded in 1937, T.Rowe Price Group provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. The firm launches and manages equity and fixed income mutual funds.
What's next for Evernote?
With a history of substantial capital infusions, including major enterprise-level funding and strategic investments, Evernote is well-positioned for continued innovation and market expansion. The company's consistent backing suggests a strong belief in its business model and future potential. Future developments are likely to focus on enhancing its platform's capabilities, exploring new integrations, and potentially expanding into adjacent markets to further solidify its competitive advantage in the digital productivity space.
See full Evernote company page
